New property data out today from RPData show Australia recorded the biggest monthly fall in house prices since the RP Data-Rismark Home Value Index started. “It’s the biggest fall in values that we’ve ever seen on a monthly basis so while we’re not pressing the alarm bells yet we will …
A new survey has found First Home Buyers are selling up in droves, no longer able to afford their houses purchased with the lurer of free money from the First Home Buyers Boost. The survey, conducted by Mortgage Choice shows 10 percent of first home buyers who have purchased within …
It is thought the number of Real Estate Agents secretly posing as home buyers in the Australian media has reached levels not seen since the GFC. Last fortnight it was Ben Markwell, the first time buyer who discovered buying a house would not cost much more the renting. Featuring in …
Two years ago we ran an comprehensive story on what we believed would be the effects from propping up the housing market with the First Home Owners Boost. Titled Time to pick and choose: Housing or Jobs we suggested that propping up and keeping house prices artificially high would eventually …
According to a Courier Mail article, there is less than 800 apartments for sale in high rise buildings stretching across the Gold Coast. With sales rates at their lowest since the 1990’s, some 47 sales per quarter, it is estimated current stock on the market will take at least five …
According to The Age newspaper in Melbourne, Victoria’s largest home builder is selling half of its new homes in the Sanctuary Lakes Resort and Featherbrook Estates to overseas buyers. The development includes a total of 2500 lots, suggesting as many as 1,250 lots are now in foreign hands. Mark Vujovich, …
On this very day, the 5th of February, two years ago we reported on two Real Estate agents posing in the media as buyers saying it is never a better time to enter the market. Both had just brought their first home, and despite prices falling from the GFC, were …
According to Forensic Asia Ltd.’s managing director Gillem Tulloch, the China property bubble will likely burst next year. Tulloch believes china’s banks are unable to pump out enough credit to sustain further rises in property values. He says the Chinese economy will be short 11 trillion yuan in credit required …
The Real Estate Industry is fuming at the government for not consulting with them. The Australian reviled yesterday that in the four months since the election the Gillard Government has not contacted the Real Estate Institute of Australia (REIA) for any advice. According to the institute, they had long provided …
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